The US labor market remains stable; trade deficit increases in February

Trade balance

Weekly jobless claims fall 9,000 to 202,000 Continuing claims add 25,000 to 1.841 million The trade deficit widened by 4.9% to $57.3 billion in February WASHINGTON, April 2 (Reuters) – New claims for U.S. jobless benefits fell sharply last week to a record low, suggesting labor market conditions remained calm in March, even as economists … Read more

Why building a stable financial life feels so difficult for young Americans

Reuters Affordability Gap event in New York

Mark Kassen, Chi Osse, Carmel Crimmins and Chris Evans at the Reuters Affordability Gap event focusing on Gen Z and millennials, New York City. REUTERS/Eduardo Munoz Inflation raises prices. The job market is patchy. And the lack of affordable housing is putting pressure on finances. Why does creating a stable financial life feel more difficult … Read more